Facebook Paid Farm Bureau $8.5 Million To Acquire Fb.com

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On November 15th, Facebook CEO Mark Zuckerberg revealed that Facebook had acquired Fb.com from The American Farm Bureau Federation to use as the domain for internal email addresses now that the Facebook Messages were parked on Facebook.com. But what he didn’t reveal at the time? The acquisition price.

Today Reuters is reporting that the Fb.com domain acquisition, which moved the 6 Million member Farm Bureau over to Fb.org, cost Facebook $8.5 million.

“At their annual meeting in Atlanta, Farm Bureau officials on Tuesday said the organization earned $8.5 million by selling a couple of domain names but is barred from identifying the buyer.”

We of course are still chuckling over how Zuckerberg announced the sale “The farm bureau has agreed to give us FB.com and we in return have agreed to not sell Farm subsidies.”

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Crunchbase

OverviewFacebook is an online social networking service that allows its users to connect with friends and family as well as make new connections. It provides its users with the ability to create a profile, update information, add images, send friend requests, and accept requests from other users. Its features include status update, photo tagging and sharing, and more.
Facebook’s profile structure includes …